AMWatch

Danica maintains full speed on green investments

Danica CEO Ole Krogh Petersen rejects concerns that things are moving too quickly with sustainable investments.

Danica CEO Ole Krogh Petersen | Photo: Stine Bidstrup/Ritzau Scanpix

Danske Bank's pension division Danica practically tripled its green investments from DKK 10.3bn to DKK 27.2bn (EUR 1.39bn to EUR 3.66bn) during 2020.

The pension firm's high degree of green optimism stands in contrast to Danish state labor market pension fund ATP, the country's largest, which recently issued a warning that moving too quickly with green investing could have a negative impact on both returns and climate effect.

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